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Lecture 1
An Overview of Strategic Marketing
Understanding the Marketplace
and Customer Needs
• States of deprivation
• Physical—food, clothing, warmth, safety
• Social—belonging and affection
• Individual—knowledge and self-expression
Needs
• Form that needs take as they are shaped
by culture and individual personality
Wants
• Wants backed by buying power
Demands
Customer Needs, Wants, and Demands
Marketing is about Facilitating
Exchange
Markets are the set of actual and potential buyers
of a product
Marketing Mix – 4P’s
Goods
Services
Distributions
Distributions
How does These
Companies
Distribute
Their Products?
What is something you
notice about these
products?
Lecture 1.pptx
Lecture 1.pptx
Lecture 1.pptx
Lecture 1.pptx
Lecture 1.pptx
Lecture 1.pptx
Lecture 1.pptx
Lecture 1.pptx
Lecture 1.pptx

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Lecture 1.pptx